Bitcoin news

Bitcoin has been trading between $100k and $126k with no clear direction, yet 5.9 million BTC, worth $588 billion, has moved within that range. 10x Research notes that a large portion now sits with investors lacking conviction or under institutional pressure, making them vulnerable to panic selling if the price falls. Thielen highlights that around 347,000 BTC changed hands near $101k, and a break below $100k could trigger liquidations, pulling the price toward a liquidity pocket near $93k. With 11 spot ETFs averaging $90k cost, a slide could expose $60.5 billion of inflows to scrutiny. BTC last traded at $105,400.

Bitcoin's price rebounded to roughly $106,000 after falling to $99,300, sparking a surge in social‑media chatter and a 6.7% gain. Analysts predict a year‑end climb to $150,000, noting its growing adoption as 4 million Square merchants now accept BTC with zero fees. The surge coincided with the Senate’s passage of a funding bill that could end the record‑long U.S. shutdown, which has left more than one million federal employees unpaid and disrupted services such as air traffic control, causing flight cancellations.

TeraWulf’s third‑quarter revenue jumped 87 % year‑over‑year to $50.6 million, driven by a near‑doubling in Bitcoin’s price, from $61,023 to $114,390, and by expanded mining capacity. The company mined 377 BTC in the period versus 555 a year earlier, offset by the higher prices and new high‑performance computing lease revenue. CEO Paul Prager said the firm is moving beyond Bitcoin, partnering with Fluidstack and Google, and secured a $3.2 billion notes issue for its Lake Mariner campus. The stock rose 6 % on the day, ending at $14.30, a 0.49 % gain after hours.

Bitcoin’s rally after the US Senate passed a bill stalled near $108,000, a key resistance level identified by Glassnode as the 85th‑percentile cost basis. The price briefly spiked to $107,500 but fell back to $105,500 within hours. Long‑term holders have sold over 370,000 BTC since July, keeping the selling pressure high. Their average acquisition price is $37,915, well below current levels, fueling profit‑taking. LTH‑SOPR decline suggests reduced conviction even as selling continues.

The 65-month liquidity cycle is nearing its peak, with the Global Liquidity Index rising toward a red zone that suggests a tightening phase in Q1-Q2 2026. Analysts forecast a 15-20% correction in risk assets, including a possible 20% dip in Bitcoin, as capital flow slows. Meanwhile, Bitcoin has fallen roughly 15-20% in 2025, while silver has risen 13%, signaling a rotation to collateral-backed assets. Experts predict silver may outperform Bitcoin from January to April 2026, though a sharp correction could be followed by a liquidity-echo rally that may lift Bitcoin later in 2026.

Square has launched a Bitcoin payment feature for its 4M+ merchants in 8 countries, allowing acceptance of BTC and fiat in all combinations, with no fees until 2027. The move follows the October launch of a conversion tool. Square CEO Jack Dorsey said the service could help merchants survive dollar debasement. Early adopters include Medici coffee roaster and others, with users reporting BTC payments already. Square also launched a live map of Bitcoin‑accepting shops, and a survey cited 37% of US/UK respondents see crypto payments as leading use case.

Bitdeer Technology Group's shares fell 20% after reporting a $266.7 million net loss for Q3 2025, a 422% decline YoY, despite revenue tripling to $169.7 million. The loss per share hit $‑1.28, exceeding analysts' -$0.22 forecast. The company said it will expand U.S. rig production and focus on AI computing, citing rising demand for high‑powered compute and favorable crypto policies under the current administration.

Bitcoin miner Bitdeer Technology Group’s shares fell 20% after the firm reported a Q3 net loss of $266.7 million, a 422% year‑over‑year decline, and a loss per share of $‑1.28 versus the consensus estimate of $‑0.22. Revenue climbed to $169.7 million from $62 million last year, beating forecasts. Despite the loss, Bitdeer's CEO Matt Kong said the company’s AI pivot and high‑performance computing strategy had delivered strong execution. The firm is mass‑producing the Sealminer A3 rig in the U.S. and delaying its SEAL04 chip, while competing miners face falling rewards and rising costs.

On‑chain data shows institutional investors massively bought Bitcoin during a recent dip, turning CryptoQuant’s 30‑day apparent demand metric from a negative 79 k BTC on Nov 6 to a positive 108 k BTC on Nov 8, the steepest move of the year. The pivot suggests new capital and may signal a reversal of the bearish trend. Ethereum saw a similar whale‑led buying surge as prices fell to $3.2 k. CryptoQuant’s spot average order‑size data indicates institutional re‑entry at discounted levels while retail traders stayed cautious. If the $3k–$3.4k zone holds, analysts predict ETH could accumulate into a low‑volatility zone and rally to $4.5–$4.8 k.

TeraWulf posted $50.6 million in revenue, an 87% year‑over‑year increase driven by higher Bitcoin prices, expanded mining capacity and new AI hosting lease revenue. CEO Paul Prager highlighted partnerships with Fluidstack and Google, noting a $3.7 billion contract and $1.8 billion Google backing. Shares fell 2.5% after hours, though they had risen 3.8% intraday and 7.6% over the past month. The company’s earlier guidance projected $48–$52 million in revenue, aligning with the actual result. The 10‑year Fluidstack deal could raise contract value to $8.7 billion, while Google holds about an 8% stake, second only to CEO Prager’s 10.7% ownership.